EX-12.1 2 d743316dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

ONE Gas, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)		Six Months Ended June 30, 2014				2013				2012				2011				2010				2009
Fixed charges, as defined:
Interest on long-term debt		$	25,213			$	62,635			$	62,088			$	55,848			$	53,361			$	67,182
Interest on lease agreements			835				1,602				1,601				1,529				1,663				1,770
Total fixed charges			26,048				64,237				63,689				57,377				55,024				68,952
Earnings before income taxes			111,259				161,467				156,360				142,762				173,521				146,444
Earnings available for fixed charges		$	137,307			$	225,704			$	220,049			$	200,139			$	228,545			$	215,396
Ratio of earnings to fixed charges			5.27	x			3.51	x			3.46	x			3.49	x			4.15	x			3.12	x

For purposes of computing the ratio of earnings to fixed charges, “earnings” consists of pre-tax income from continuing operations plus fixed charges. “Fixed charges” consist of interest charges, the amortization of debt discounts and issue costs and the representative interest portion of operating leases.